Pride’s Galaxy Division Offers Help for Cash-Strapped Mobility Providers

EXETER, Pa. — With elimination of the first-month purchase
option, Pride Mobility Products announced Feb. 9 it has formed
Galaxy Mobility Financial Services, a wholly owned subsidiary that
will furnish inventory financing and working capital to help Pride
providers transition to the power wheelchair sector’s new rental
environment.

New programs including fleet, inventory finance and customized
programs will allow providers to manage cash flow by securing a
source for capital and scheduling predictable monthly payments for
inventory. The programs offer competitive interest rates, have a
high number of credit approvals and “free up Pride credit lines for
additional purchasing power,” according to a release.

“Faced with a challenging economy and Medicare’s elimination of
the first-month purchase option, we recognized the limited capital
market for DME providers,” said Scott Meuser, Pride chairman and
CEO. Creation of the new division “fills that void and empowers our
providers to continue to operate dynamic and growing businesses,”
he said.

In January, the manufacturer announced that its Jazzy Select
Elite has been adapted with rental-ready features including a seat
with removable, replaceable foam and vinyl and an extended 13-month
warranty. The chair also features new Jazzy Armor shroud and
controller guards as protection from daily wear and tear.

Michael O’Boyle has joined Pride as general manager of Galaxy
sales following 12 years with Altec Industries.